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Founder: Xiaomi has spent $1.5 billion on R&D in 2020, aims to raise this by 30-40% in 2021

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Earlier this week, Lei Jun, the Founder of Xiaomi Corp, stated that the company has invested over 10 billion yuan (roughly 1.55 billion US Dollars) on research and development last year. The senior official also said that the brand is now planning on raising the investment by 30 to 40 percent for this year.

Xiaomi

According to an ITHome report, the Founder made the statement after being asked about the investment the Chinese tech giant plans on making for research and development this year. Lei Jun said that the company will continue to maintain its high investment into technology research and development for this year. Furthermore, Xiaomi will be further raising the investment by up to 30 to 40 percent in 2021.

This would have investment reach somewhere between 13 billion to 14 billion Yuan (roughly over 2 billion Yuan). Additionally, Lei Jun also added that the company will also be focusing on recruiting engineers this year. As per the official statement, Xiaomi will be hiring around 5,000 employees in 2021. The senior executive was also asked by the Mi MIX 4

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as well. However, the he refrained from providing any details regarding the device.

Xiaomi

Although, Lei Jun state that the device is currently in the works and is one of the tasks being handled by its research and center department. Previously, the smartphone maker had confirmed the launch of the Mi MIX 4 later this year along with a tablet

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as well. Unfortunately, we do not have any finer details regarding this at the moment. So stay tuned for more, as we will be providing more updates when additional information is available.

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